GW&K Investment Management LLC Acquires New Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

GW&K Investment Management LLC purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 278,873 shares of the financial services provider's stock, valued at approximately $30,963,000. GW&K Investment Management LLC owned about 0.27% of FTAI Aviation as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FTAI. Versant Capital Management Inc lifted its stake in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation in the fourth quarter worth approximately $26,000. Transce3nd LLC purchased a new position in FTAI Aviation in the fourth quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation in the fourth quarter worth approximately $30,000. Finally, Rakuten Securities Inc. purchased a new position in FTAI Aviation in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

FTAI traded down $2.96 during trading on Tuesday, hitting $110.92. The stock had a trading volume of 897,105 shares, compared to its average volume of 2,277,132. The firm has a market capitalization of $11.38 billion, a P/E ratio of 41.71 and a beta of 1.62. The company's 50-day moving average price is $119.13 and its 200 day moving average price is $114.66. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. The company's revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.08%. FTAI Aviation's dividend payout ratio is currently 571.43%.

Insider Buying and Selling at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer directly owned 341,852 shares in the company, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stacy Kuperus purchased 1,087 shares of the stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider owned 88,423 shares in the company, valued at approximately $8,214,496.70. This trade represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FTAI shares. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research note on Friday, May 2nd. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. JMP Securities reduced their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.